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FBR undergoes massive restructuring: Aurangzeb

Washington/Islamabad (TDI): Finance Minister Muhammad Aurangzeb has updated audience about reforms in Pakistan as he participated in the Small Talks Forum hosted by Bank of America Securities.

in his talk, he provided a detailed overview of the Government’s macroeconomic stabilization efforts and the economy’s performance over the past year.

Read More: Pakistan Debt Reaches $258 Billion: Finance Minister

The Finance Minister affirmed the Government’s commitment to reforms under the IMF’s Extended Fund Facility (EFF), including reforms in taxation, energy, privatization, and SOEs.

He also informed that the Federal Board of Revenue (FBR) is undergoing reforms in people, processes, and technology.

The Finance Minister expressed the Government’s resolve to access international capital markets in due course. He invited partnerships in Pakistan’s agriculture, IT, mining, and renewable energy sectors.

The minister is in Washington for a meeting jointly held by World Bank and the IMF with participation of global finance chiefs gathered in the US capital besides important leaders and representatives of key organizations.

Also Read: Aurangzeb Highlights Pakistan Eco Progress to Institutional Investors

During his stay in Washington, the Pakistani finance minister is participating in various events and interacting with media besides bilateral meetings with leaders from various countries and institutions to gain support for Pakistan’s weak economy for early recovery.

Pakistan has recently turned to the IMF for loan programs to sustain its fragile economy. The international financial institutions urged for reforms in Pakistan.

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